Question

Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018

THORNTON COMPANY Vertical Analysis of Income Statements 2019 Percentage of Amount Sales 2018 Percentage of Sales Amount Revenues $ 230,400 8,200 238,600 $ 210,800 5,600 216,400 Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses 119,500 54,300 6,200 21,200 201,200 37,400 102,000 48,900 5,400 20,200 176,500 39,900 Net income $ 1% $

Answer 1

THORNTON COMPANY lertical Analyus of Income statement 2018 Percentage of percentage of Amount sales 2019 Amount Sales 96.5628210,800 Revenue Sales (ned other Revenues $230 400 8,200 5,600 97.41% 2.59 100 200 3.449, 238,600 100% 216 A00 119,500 50.08% 102,000 47.13%. Total Revenues Expenses Cost of Godibold Selling, general, and Adringtratre capence interest Expence 54,300 6,200 21,200 22:56% 4800 22.60% 2.60% 5,400 2.500. 8.891. 176,500 85 20,200 9.33 84.327. 146,580 81.56% Income tax expere Total Expenses 201,210 Med Income $37,400 15.681. $39,900 18.044

THORNTON COMPANY Vertical Analyus of Balance sheet 2019 2018 Percentage percentage of Anment a Percentage of total amount of Total! Current Assets Cash markelaste Senubes Accounts Receublelnes) Inventones Preparid ateus Total Current Asiete $16,300 27.96 1.812,400 2.38 s. 20,700 3.55% 6,600 1. 27 r. 55.900 9.59%. 46, too 8.961. 136.000 23.33% 144,200 27.671. 25,180 4. 301. 10 AOD 9.00%. 254,000 43.57" 220,300 42. 27%. 21,300 4.09% Investments 28,300 4.85% plant (net) 271, too 46.610% 255,400 49.00% 29,000 4.971. 24,200 4.64%) and Total long kom Amets 329,000 56.43%. 300, wo 57.7361 Total 100 %. $521,200 100%) Agrets $583000 Habilities and stock holdas Gruty.

lastbles Current l'asilities Notes Payable $16400 2.81 1. & 5200 1.000 0.9947 Accounts Payable 113,600 19.497 98,600 18.92%. Saleses payable 20,600 3.531 13,200 2.53% Total Cament Wasilites 150,600 25.83% 117,000 22.45% alon. Current Vasthes Bonds payable 98,200 16.84% 98,800 18.841) other 30,00 5.30% 26, 100 5.01%. Total non. Coment Crassotee 129,100 22.14% 124,300 23.85% nota Vasilifles 279, Too 47.98%. 241,300 46.30%! Shareholdent Equity Pefened stock Eper calue $104) 68,000 11.66r. 8,000 13.05%. Curabaha 6,000 she anthred) Eno per, so, wo authorized 68000 11.667. 68000 13.05% 10,000 share issued) Retarned Carrings 167300 28 For. 14300 27.617. otal stockholdas Equity 303,300 52.02% 279900 53. Inn $58,5000 100% Total Castellers & Stockholda's $5 1001 $52120 $58,300 100%. S Equity